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HRTG

Heritage Insurance Holdings Inc.

$2.76

Earnings Summary

Revenue
$158.61Mn
Net Profits
$-30.76Mn
Net Profit Margins
-19.39%

Highlights

Revenue:

Heritage Insurance Holdings Inc.’s revenue jumped 7.72% since last year same period to $158.61Mn in the Q1 2022. On a quarterly growth basis, Heritage Insurance Holdings Inc. has generated -4.86% fall in its revenue since last 3-months.

Net Profits:

Heritage Insurance Holdings Inc.’s net profit fell -497.49% since last year same period to $-30.76Mn in the Q1 2022. On a quarterly growth basis, Heritage Insurance Holdings Inc. has generated 37.5% jump in its net profits since last 3-months.

Net Profit Margins:

Heritage Insurance Holdings Inc.’s net profit margin fell -454.68% since last year same period to -19.39% in the Q1 2022. On a quarterly growth basis, Heritage Insurance Holdings Inc. has generated 34.31% jump in its net profit margins since last 3-months.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Heritage Insurance Holdings Inc. post its latest quarter earnings

EPS Estimate Current Quarter
-0.04
EPS Estimate Current Year
-0.04

Highlights

EPS Estimate Current Quarter:

Heritage Insurance Holdings Inc.’s earning per share (EPS) estimates for the current quarter stand at -0.04 - a 88.57% jump from last quarter’s estimates.

EPS Estimate Current Year:

Heritage Insurance Holdings Inc.’s earning per share (EPS) estimates for the current year stand at -0.04.

Key Ratios

Key ratios of the Heritage Insurance Holdings Inc. post its Q1 2022 earnings

Earning Per Share (EPS)
-1.15
Return on Assets (ROA)
-0.01
Return on Equity (ROE)
-0.61
Dividend Per Share (DPS)
0.24

Highlights

Earning Per Share (EPS):

Heritage Insurance Holdings Inc.’s earning per share (EPS) fell -505.26% since last year same period to -1.15 in the Q1 2022. This indicates that the Heritage Insurance Holdings Inc. has generated -505.26% annual rate of fall in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Heritage Insurance Holdings Inc.’s return on assets (ROA) stands at -0.01.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Heritage Insurance Holdings Inc.’s return on equity (ROE) stands at -0.61.

Dividend Per Share (DPS):

Heritage Insurance Holdings Inc. declared 0.24 dividend per share during the earnings announcement for Q1 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-05-09
-0.35
-1.15
-228.57%

Company Information

Heritage Insurance Holdings, Inc. is a super-regional property and casualty insurance holding company. Through its insurance subsidiaries and a large network of experienced agents, the Company writes over $1 billion of gross personal and commercial residential premium across its multi-state footprint.

Organisation
Heritage Insurance Holdings Inc.
Headquarters
Clearwater, Florida, US
Employees
641
Industry
Finance
CEO
Bruce Lucas